I personally recommend to not to invest long term in the futures as the chances of being liquidate are very high when the market is very volatile. The profit in our mind gives us dream but the profit in reality shows the greed and that greed resulted into loss in long term due to funding rate which involves premium also when the difference between perpetual future contract's price and mark price increases.
So always book the profit and close the position at earliest when the desired position have been attained.

I have written the post on Funding rate with example.
You can take help from it

https://bitcointalk.org/index.php?topic=5294749.msg55712912#msg55712912

1x or 125x Leverage, it doesn't make any sense as if the funding rate goes up means the long position already earning handsome profit. Just you have to close the position on right time to avoid unnecessary losses

Perpetual future contracts brings revolution in the futures market with endless limit of future contract. For making the contract with endless expiry date, the concept of Funding Rate came into existence. Under this mechanism the buyer or seller will either pay or receive funding on periodic bases.
 
It is consists of two components-
a) The Interest rate
b) Premium

 Basically on Binance futures, the Interest rate is 0.03% per day (recalculated three times in 8Hrs circles of 0.01% each)and the premium varies with the mark price to prevent the increasing difference between the prices of perpetual contract price and spot market.

Here shows the funding rate and countdown period in the image when it is on marked price.


Funding rate includes Premium the price also


source- BINANCE


Example of profit or loss due to Funding rate to the traders-

 If the traders gets into the long position at $10 and its on $11 after 8hrs, so the long position holder trader has to pay funding rate to the short position holder, but after that if the price goes down to less than $10 , then the short position holder has to pay funding rate to prevent the lasting divergence of the price in both the markets.

So, with this mechanism crypto traders get rid of traditional future contracts with specific expiry date

Perpetual future contracts brings revolution in the futures market with endless limit of future contract. For making the contract with endless expiry date, the concept of Funding Rate came into existence. Under this mechanism the buyer or seller will either pay or receive funding on periodic bases.
 
It is consists of two components-
a) The Interest rate
b) Premium

 Basically on Binance futures, the Interest rate is 0.03% per day (recalculated three times in 8Hrs circles of 0.01% each)and the premium varies with the mark price to prevent the increasing difference between the prices of perpetual contract price and spot market.

Here shows the funding rate and countdown period in the image when it is on marked price.


Funding rate includes Premium the price also


source- BINANCE


Example of profit or loss due to Funding rate to the traders-

 If the traders gets into the long position at $10 and its on $11 after 8hrs, so the long position holder trader has to pay funding rate to the short position holder, but after that if the price goes down to less than $10 , then the short position holder has to pay funding rate to prevent the lasting divergence of the price in both the markets.

So, with this mechanism crypto traders get rid of traditional future contracts with specific expiry date

There is no such relation between XRP and Bitcoin price as xrp is more overly have centralised control with unlimited supply of token which make it more likely to be a shitcoin. Every days it goes 10-15% long short which defines its unstableness in crypto market. Bitcoin in grandfather as compare to xrp in all senses

As we all know the market pool of crypto currency is on growing stage and only around 0.5% of the world population is involved in it so once the market size gets matured enough in the hands of more than 10-20% of total world population, the price of BTC can be more than $1M in next 30years.

Refer the adoption chart predicted by cryptoaims
 Source- Cryptoaims
https://www.instagram.com/p/CIIWioFHT0R/?igshid=1h43h34vfok2j

Still its time to buy at $17600 and make rest of your life as financially independent

Yeah I was not aware about rules but now i have read almost all of them.
So thanks for your advise

Bitcoin is performing well in the recent scenario but we can't exclude the importance of Gold from a Balanced portfolio. The biggest merit of holding gold as an investment is when whole world is on a fire (any major pandemic), only gold act as the savior for value of money.
The another merit of gold is, It is in physical form So the psychological factor in the minds of investors of easy selling even in there local market gives an edge over bitcoin.
Plus Physical gold in hand can't be hacked or cracked by using any keys unlike in Bitcoin     

Disadvantages of being Newbie in this vast community 

AS IF THE BITCOIN HITS $20000 TILL DECEMBER 2020 WHICH IS VERY OBVIOUS THAT IT WILL HIT THAT PRICE, THEN THE RATE OF ETHEREUM WILL BREAK ITS PREVIOUS HIGH OF $1440 BACK IN 2017 BULLISH MARKET.
 
THE FACT BEHIND THIS METHODOLOGY IS THAT THE PRICE OF ETH SHOULD BE 1/17TH OF THE BITCOIN AT CURRENT CIRCULATION RATE SO AT THE CURRENT PRICE OF BITCOIN ($18400), ETH's PRICE SHOULD BE AROUND $1082 BUT IT IS TRADED AT $615 WHICH IS MORE OBVIOUS THAT THE BULL WILL HIT THE ETH's PRICE AND TILL THE END OF DECEMBER 2020, ETH WILL GET 1-2 PARABOLIC GROWTH IN THE PRICE AND WILL SURELY BREAK ITS PREVIOUS HIGH OF BACK IN 2017


WRITE VIEWS REGARDING THE OTHER INFLUENCES OF BOTH CRYPTOCURRENCIES ON EACH OTHER.